Functions:

·        Arrangement of Cash Credit Limit for the procurement of Paddy and wheat from the Central Govt./Reserve Bank of India.

·        Arrangement of short term Loans to meet with the emergent requirement e.g. payment of gunny bales, payment to Food Corporation of India. under Above Poverty Line Scheme etc.

·        All payments of Pungrain (Head Office) on the basis of sanctions issued by the Pungrain Branch.

·        To maintain all accounts of receipts/ securities received from Distt. Offices, and as well as direct receipt from the Millers, Labour/ Transport contractors and any other contractors/firms etc.

·        Release of securities to the Millers, Labour/ Transport contractors and any other contractors/ firms etc after approval of Managing Director, Pungrain based on recommendations of District Managers.

·        Sale Proceeds of Wheat & Rice which was earlier received through respective Districts is now received direct through Food Corporation of India Head Quarter at Chandigarh as Per Order of Worthy of Food & Supply Minister.